Search Results for "rail"
Iron-ore major and green energy developer Fortescue will forgo buying carbon offsets from this financial year onwards. The miner said in a statement on Friday that all funds allocated to carbon offsets will be diverted to Fortescue’s decarbonisation plan to achieve Real Zero by 2030, the...
Inclusive of a stretch of railway extending into Zambia’s copper-producing district, the start of the transfer of the concession of railway services and support logistics of the Lobito Corridor to joint venture (JV) Lobito Atlantic Railway was announced in July during a ceremony hosted by the...
Industrial products supplier BMG has established itself in Zambia as a single point of contact and reliable supplier of all essential quality branded products and essential support services, thereby ensuring high productivity, reduced energy consumption, reduced downtime and long service life of...
The partnership of South Africa’s mining industry and State-owned rail enterprise Transnet must translate into “results, results, results”, African Rainbow Minerals executive chairperson Dr Patrice Motsepe emphasised at the diversified mining company’s presentation of 2023 financial results. On...
South Africa has no option but Transnet, and the country must make the State logistics enterprise work or the entire economy will grind to a halt, Menar MD Vuslat Bayoglu highlighted in an interview with Mining Weekly. Menar is a private investment company with an actively managed portfolio of...
Pensana Rare Earths has reported that the project can be put into production in less than 18 months.
The productive uptime of capital equipment is often compromised by heating, ventilation and air conditioning (HVAC) failure, with a primary casualty being the machine’s total cost of ownership (TCO), says local developer and manufacturer of custom designed HVAC systems Booyco Engineering....
As D-Day for the Medium-Term Budget Policy Statement (MTBPS) approaches, it is evident that the National Treasury will need to go against the political grain if it is to achieve its objective of presenting a “credible fiscal framework”. That political grain is determined by the fact that 2024 is...
The Passenger Rail Agency of South Africa (PRASA) says it has, to date, recovered eight lines in the Western Cape following the complete collapse of service during the Covid-19-pandemic. Six of the lines in the Western Cape are operating using the new blue electric motor units, otherwise known as...
Cape Town mayor Geordin Hill-Lewis says the city is briefing its lawyers to launch an intergovernmental dispute on passenger rail devolution and service standards. Hill-Lewis says the city has been unable to form a joint devolution working committee with national government as it attempts to...
South Africa’s beleaguered state ports and rail company deepened its feud with the private sector, accusing business chambers of intimidation because they owe it money. A September 12 letter from a business chamber in Durban, the site of Africa’s biggest container port, to the minister of public...
Global commodities trader Trafigura has reshuffled some of its senior leadership positions, the company said on Tuesday, with the need to replace outgoing chief operations officer and board member Mike Wainwright leading to a wider revamp. The moves are likely to give the company's energy...
Rio Tinto has been solely funding preparatory work at the blocks it holds at Simandou, one of the world's largest untapped iron-ore deposits, as its Chinese partners are yet to make their funds available, two sources close to the matter said. The Anglo-Australian miner owns two of four Simandou...
Transnet Freight Rail's (TFR's) rail link into the Port of Port Elizabeth has been heavily damaged by rough sea conditions that caused a wash-away of the track formation on September 16. This is impacting on the transport of manganese to the port for export, as train movements have been...
British-based mineral exploration company Adriatic Metals plans to start production at its Vares Silver Project in central Bosnia in November, the first mine to open in Europe in over a decade, its CEO Paul Cronin said in an interview on Monday. Around 800 000 t of polymetallic ore will be dug...
Diversified miner Rio Tinto’s Iron Ore Company of Canada (IOC) has announced a C$4-million donation, over two years to bilingual college Cégep de Sept-Îles in Quebec, for the construction of its new pavilion for training, research and innovation in the railway, industrial maintenance and energy...
Once short-term and medium-term rail restoration has been achieved, a best-of-breed approach should be adopted to put South Africa on a competitive logistics path, says thermal coal exporter Thungela. “We need to develop a model that allows a best-of-breed to be able to run some of the critical...
Following seven months of trading, it is clear that the South African new-car market is unlikely to reach the 540 000 to 560 000 units expected at the beginning of the calendar year, says Motus CEO Osman Arbee. Speaking at the company’s results briefing for the financial year ended June 30, he...
The Ctrack Transport and Freight Index (Ctrack TFI) retreated further in July to an index level of 120.8, the lowest level this year since March’s 120.5. This represents a decrease of 1.2% during the month of July.
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